The Xtrackers MSCI Europe Small Cap UCITS ETF 1C (XXSC) is a Luxembourg-domiciled equity ETF managed by DWS and traded on the London Stock Exchange and other European exchanges.

The fund seeks to track the performance of the MSCI Europe Small Cap Index, a benchmark composed of small-cap companies across developed European markets.

XXSC provides diversified exposure to European small-cap equities across different countries and economic sectors. The ETF follows a passive investment strategy and uses direct physical replication to track its benchmark. It operates under the UCITS framework and follows an accumulating income policy.

The MSCI Europe Small Cap Index covers small-cap companies across 15 developed European markets and represents approximately 14% of the free float-adjusted market capitalization of the European equity universe. 

Composition / Exposure Profile

The portfolio holds small-cap companies across a broad range of European economic sectors, including:

• Industrials.

• Financials.

• Information technology.

• Consumer discretionary.

• Health care.

• Materials.

• Consumer staples.

• Real estate.

• Communication services.

• Utilities.

• Energy.

Geographically, the benchmark covers developed European markets, including the United Kingdom, Sweden, Switzerland, Germany, France, Italy, the Netherlands, Denmark, Norway, and Belgium, among others. Individual country weights vary according to the free float-adjusted market capitalization of eligible companies.

By focusing on smaller companies, the fund provides exposure that differs from major European large- and mid-cap benchmarks. Small-cap stocks can also have lower liquidity and experience greater price fluctuations than larger companies.

Structure and Costs

The fund and the 1C share class have the U.S. dollar as their base currency. On the London Stock Exchange, the shares trade in British pounds under the ticker XXSC.

The ETF has an all-in fee of 0.30% per year, uses direct physical replication, and is domiciled in Luxembourg under the UCITS framework. DWS Investment S.A. serves as the management company of Xtrackers.

The 1C share class is accumulating, meaning dividends and other income generated by portfolio companies are reinvested within the fund rather than distributed periodically to shareholders.

History and Evolution of the ETF

The Xtrackers MSCI Europe Small Cap UCITS ETF 1C (XXSC) was launched in 2008 to provide diversified exposure to small-cap companies across developed European markets.

Since its launch, the fund has maintained a passive strategy linked to the MSCI Europe Small Cap Index, tracking companies across different sectors and countries in the region.

Throughout its history, the fund's performance has reflected European small-cap market cycles and factors such as regional economic growth, credit conditions, monetary policy, industrial activity, and the performance of smaller companies.

Additional Information

Xtrackers MSCI Europe Small Cap UCITS ETF 1C (Ireland) is an exchange-traded fund (ETF), with assets under management totaling $8.06 billion.

Over the past 12 months, Xtrackers MSCI Europe Small Cap UCITS ETF 1C recorded a return of 15.82%, with its price trading between $67.86 and $108.80 during the same period.

The ETF is traded under the ticker XESU.